Markets remained volatile on Tuesday and ended lower amid mixed global cues and lingering geopolitical uncertainty.
Technically, analysts say the lack of follow-through buying in the Nifty after the breakout above the 24,000 mark reaffirms the cautious undertone and expiry-related positioning.
The choppiness is likely to continue on Wednesday as well due to the monthly expiry at the BSE.
Immediate support is now placed near the 23,800 level, while the 24,300–24,500 zone may act as the next resistance band.In today's trade, shares of Coal India, Marico, Fino Payments Bank, L&T, Physicswallah among others will be in focus due to various news developments.Physicswallah, PC Jeweller, Swan DefenceShares of Physicswallah, PC Jeweller and Swan Defence will be in focus as the companies will announce their fourth quarter results.Brainbees SolutionsBrainbees Solutions narrowed its consolidated net losses to Rs 30.30 crore in the March-ended quarter versus Rs 77 crore in the year ago period, implying a 61% fall.
The profit after tax (PAT) is attributable to the owners of the parent.Coal IndiaGovernment of India will sell up to a 2% stake in Coal India Limited (CIL) through the offer for sale (OFS) route over May 27 and May 29, the state miner said on Tuesday in its filing to the exchanges.
